$2.70 is a bit remote in reality.
But in the next supercycle boom $1.50 is easy peasy if Southdown gets off with Shagang bringing in Chinese funding and maintain the 70% stake (7 MTA of premium pellets).
Shagang is massive, it's China 5th largest steel mill. A number of times the size of Bluescope and Onesteel COMBINED ! They'll come up with the cash. Taking a higher stake recently is a prelude to announing this arrangement IMO.
At $1.50, that's already 500% + gain from today's close of $0.28
Remember, when the tide comes in, everything gets washed up.
$2.70 is a bit remote in reality.But in the next supercycle boom...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |